AMSTERDAM: Spectacles maker EssilorLuxottica on said it was considering canceling its proposed €7.2bil (US$8.6bil or RM35.67bil) takeover of Dutch eyewear store operator Grandvision, after a Dutch court said EssilorLuxottica was no longer obliged to go through with the deal.
An arbitration court in the Netherlands on Monday ruled that Grandvision had breached obligations of the takeover agreement, which meant that EssiLux was no longer bound to the pact.
